Hedgeye CEO Keith McCullough is adding Huya (HUYA) to the short side of Investing Ideas. Below is a brief note.
Looking to broaden your exposure to Chinese Shorts on green today? In addition to shorting more YY, Felix Wang likes HUYA (not booyah) on the short side!
Here's a quick summary note from China analyst Felix Wang's recent Institutional Research notes on why:
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"As we mentioned in our Short HUYA presentation last week, HUYA is losing the support of the top anchors which is a key concern. HUYA only accounted for ~10% of the top livestreaming anchors (earned >3m RMB per month) since February 2020. It can't afford to lose any more of its top anchors." |
We sell things on green... because we had the patience in our #process to wait for it,
KM
